Global Marine Grease Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global marine grease market in its upcoming report titled, “Global Marine Grease Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global marine grease market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The marine grease market report has been segmented on the basis of thickener type, end-use, and region.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Marine grease is used as a lubricant in the ships. Grease is derived from crude oil, vegetable oil, animal oil, and various other chemicals. Marine grease has a high viscosity index and high thermal resistance. It acts as sealants to avoid entrance of water in the ship.

On the basis of thickener type, the lithium complex segment is expected to hold major revenue share in the global marine grease market. Lithium complex grease is a unique additive used for maximum lubrication under critical operating conditions. It is applied in various application in shipping operations such as trailer chassis lubrication, trailer wheel bearing, outboards, and wheel bearings.

On the basis of end-user, the bulk carrier and cargo ships segment are estimated to hold major revenue share in the global marine grease market and is expected to maintain its dominance over the forecast period. Growing number of cargo ships owing to rising demand for transportation through waterways is anticipated to augment segment growth over the forecast period. Increasing transshipment of cargos through ships has led to an increasing need for marine lubricants to maintain the efficiency and performance of the ship.

Asia Pacific market is estimated to hold major revenue share in the global marine grease market, in 2017 and is expected to maintain its dominance over the forecast period. Increasing industrialization in the region coupled with growing demand for marine transportation is expected to drive Asia Pacific marine grease market over the forecast period. The Asia Pacific accounts for the largest revenue share contribution of the target market, followed by markets in Europe, North America, Latin America, and the Middle East & Africa respectively. Moreover, growing maritime transport sector in India and China coupled with the development of new waterways is anticipated to drive Asia Pacific marine grease market growth over the forecast period.

Market segmentation and key players operating in the global marine grease market:

By thickener type:

• Calcium
• Lithium Complex
• Others (polyurea, aluminum, organoclay, barium, and sodium)

By end-user:

• Passenger Ships
• Tankers
• Bulk Carrier & Cargo Ships
• Others (service vessels, special purpose vessels, offshore vessels, and yachts)

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa